Granite Construction - GVA Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" GVA shares.
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1 brokerages have issued 12-month price targets for Granite Construction's shares. Their GVA share price forecasts range from $28.00 to $28.00. On average, they predict the company's share price to reach $28.00 in the next year. This suggests that the stock has a possible downside of 35.0%.
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Granite Construction's stock was trading at $35.07 at the beginning of 2023. Since then, GVA stock has increased by 22.9% and is now trading at $43.10.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
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Granite Construction will be holding an earnings conference call on Thursday, February 16th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "1394844".

Granite Construction Incorporated (NYSE:GVA) announced its quarterly earnings data on Thursday, October, 28th. The construction company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.82 by $0.09. The construction company earned $1.06 billion during the quarter. Granite Construction had a trailing twelve-month return on equity of 7.13% and a net margin of 2.14%. During the same quarter in the previous year, the business earned $0.90 earnings per share.

Granite Construction declared a quarterly dividend on Friday, December 9th. Investors of record on Friday, December 30th will be paid a dividend of $0.13 per share on Friday, January 13th. This represents a $0.52 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for GVA.

Granite Construction (NYSE:GVA) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.26%. The dividend payout ratio is 41.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GVA will have a dividend payout ratio of 17.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GVA.

4 employees have rated Granite Construction Chief Executive Officer Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among the company's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival Co. & (CCL).

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

Granite Construction's stock is owned by many different institutional and retail investors. Top institutional investors include Bank of Montreal Can (2.58%), Bernzott Capital Advisors (1.72%), Pinnacle Associates Ltd. (0.43%), Pinnacle Associates Ltd. (0.42%), State of New Jersey Common Pension Fund D (0.15%) and New York State Common Retirement Fund (0.11%).
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Shares of GVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GVA stock can currently be purchased for approximately $43.10.

Granite Construction (NYSE:GVA) has a market capitalization of $1.88 billion and generates $2.83 billion in revenue each year. The construction company earns $10.10 million in net income (profit) each year or $1.26 on an earnings per share basis.

The company employs 3,300 workers across the globe.

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The official website for the company is www.graniteconstruction.com. The construction company can be reached via phone at (831) 724-1011, via email at ronald.botoff@gcinc.com, or via fax at 831-761-7871.